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Targeted Loan
The most popular SLB loan is the Targeted Loan. Under the Targeted Loan, repayment is scheduled to commence after graduation.
Interest rate
To apply for a Targeted loan, a first time applicant to the SLB, will be required to:
Step1:
Applicant Sign Up/Register: Once the registration process is complete, a One Time Password (OTP) will be sent to your email address and mobile number. A 6-digit OTP will be sent to your email address and your mobile number which is needed to complete the registration process. After registration is complete you will be redirected to the Home page where you will be required to enter your email and the password you created.
Step 2:
Select the “New Loan” Tab and then the Loan solution that meets your needs. Complete the online application (for applicant) and upload the relevant documents to the customer portal and then submit your application.
Step 3:
Payment of Fees: Pay your fees via our customer portal, STEEP or to any of our other payment facilities:
Paymaster or Bill Express online or any of their locations island-wide. Payments can also be made at the SLB’s office. A copy of the receipt or evidence of payment should be retained for your files.
Application Fee: $6,250
Credit Report Check: $1,250 (for PAYS and Post Grad)
Moratorium Insurance: Fees can be paid in full or in installments prior to disbursements.
Step 4:
Submission of Physical Documentations: Prepare and submit all documents at the SLB office via our drop-box. You may also utilize drop-off facilities at your academic institutions.
To apply as a returning student, you will be required to:
Step 1:
Go to our website at www.slbja.com and select the Apply Online tab to access our Customer Portal. Click on the Forget Password option.
Step 2:
You are required to enter the same email address and mobile number previously used for you on file at the SLB.
Step 3:
A one-time password (OTP) will be sent to your email address and mobile number provided. The system will then request that you create your new password. Note: Please contact the SLB if you receive an alert that “email address and/or mobile number do not match” as your attempt to register will fail.
Step 4:
After password reset is done, you will be directed to the Login Page to input your email address and new password.
Step 5:
After logging in, select the Returning Students tab, then click on the Loan Commitment Application No.” in the drop box and then select “Continue” to complete your application.
Step 6:
Payment of Fees: Pay your fees via our Customer Portal, STEEP or to any of our other payment facilities: Paymaster or Bill Express online or any of their locations island-wide. Payments can also be made at the SLB’s office. A copy of the receipt or evidence of payment must be submitted with all other documents.
Application Fee: $6,250
Credit Report Check: $1,250 (for PAYS and Post Grad)
Moratorium Insurance: This fee can be paid in full or in installments prior to disbursements.
Payment of Fees:
Fees may be paid via your Customer Portal, STEEP or to any of other payment facilities:
Paymaster or Bill Express online or any of their locations island-wide. A copy of the receipt or evidence of payment should be retained.
Fees must be paid before the final approval of your application for a loan.
Approved Tertiary Institutions
What are the steps to take after application?
Document Upload Feature
New and Returning Students, please have these documents electronically stored so that you can upload them when you are on the Document Upload page. It is recommended that you download a Scanning Application to your device.
Note that these are mandatory documents that are needed to complete the process. You will not be able to submit your application without them.
